5 months ago
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(NewsNation) — China expert Gordon Chang predicts different countries volition travel President Donald Trump's pb successful imposing steep tariffs connected Chinese imports aft the U.S. implemented a 125% tax connected Chinese goods.
"What's going to hap is different countries are going to person to travel Trump's footsteps," Chang said Wednesday connected NewsNation. "Trump's tariffs adjacent disconnected the U.S. marketplace to galore Chinese products. China's got to merchantability them someplace else... different countries' concern sectors are going to beryllium decimated unless they support their country."
Chang, writer of the caller publication "Plan Red: China's Project to Destroy America," said helium expects to spot tariffs emergence connected Chinese goods worldwide arsenic countries support their markets from imaginable product dumping.
"So, I deliberation you're going to spot tariffs spell up connected Chinese goods astir the world," Chang said.
While Trump said helium expects Chinese President Xi Jinping to scope retired to marque a deal, Chang was skeptical of an contiguous resolution.
"That's what Xi should do. That's the economically rational thing," Chang said. "The occupation is that Xi Jinping has configured the Chinese governmental strategy truthful that lone the astir hostile answers are considered acceptable, which boxes himself in."
Chang explained that though making a woody would payment China's economy, Xi is improbable to bash truthful rapidly due to the fact that it would undermine his presumption wrong the Communist Party.
"I don't deliberation they're going to fig it retired this week," helium told NewsNation.
The expert besides highlighted the strategical benefits of moving manufacturing distant from China, suggesting that relocating factories to Central America could assistance stabilize those societies and trim migration pressures to the United States.
Chang emphasized the value of bringing captious industries similar semiconductor fabrication and pharmaceuticals backmost to the U.S., arguing that commercialized with China indirectly funds their subject development.
"China uses our commercialized proceeds to configure its military, which is fundamentally designed to combat America," Chang said. "That's conscionable morally and strategically incorrect to springiness them the wealth to bash that."
